Tag: Bunker Surcharges

ONE revises bunker surcharge
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ONE revises bunker surcharge

Ocean Network Express (ONE) has decided to implement a revised bunker surcharge with effect from January 1, 2019. The new OBS (ONE Bunker Surcharge) will apply on all new contracts which commence on January 1, 2019 and to be valid till further notice. Existing contracts will still be subject to the previous bunker adjustment factor...

CMA CGM removes emergency bunker surcharge
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CMA CGM removes emergency bunker surcharge

CMA CGM Group has announced that its emergency bunker surcharge (EBS) will be non-applicable from January 1, 2019, until further notice. The EBS was implemented in June 2018 due to rising oil prices. Based on the Brent average price today, CMA CGM has decided to remove its bunker surcharge. Other bunker-related surcharges, THC (Origin and...

MSC confirms bunker surcharge from January 2019
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MSC confirms bunker surcharge from January 2019

Mediterranean Shipping Company (MSC) will introduce a bunker surcharge as of January 1, 2019 to improve environmental performance while coping with the rising price of fuels. The company released a statement that reads: “it is essential to segregate transparently the burden of fuel costs, in order for this cost to be passed on visibly throughout...